John G Ullman & Associates Inc. Boosts Holdings in Lindsay Co. (NYSE:LNN)

John G Ullman & Associates Inc. grew its position in shares of Lindsay Co. (NYSE:LNN) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 59,375 shares of the industrial products company’s stock after buying an additional 500 shares during the period. Lindsay accounts for approximately 1.0% of John G Ullman & Associates Inc.’s holdings, making the stock its 24th largest holding. John G Ullman & Associates Inc.’s holdings in Lindsay were worth $7,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LNN. US Bancorp DE raised its stake in shares of Lindsay by 45.9% during the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 84 shares during the period. GAMMA Investing LLC increased its stake in shares of Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after buying an additional 131 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Lindsay by 10.3% in the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock worth $109,000 after buying an additional 86 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Lindsay by 73.1% in the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock worth $175,000 after buying an additional 623 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Lindsay by 6.8% in the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on LNN shares. Stifel Nicolaus lifted their price target on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. StockNews.com lowered shares of Lindsay from a “buy” rating to a “hold” rating in a research note on Monday, February 17th.

Lindsay Stock Performance

Lindsay stock opened at $131.76 on Friday. The company has a market cap of $1.43 billion, a PE ratio of 21.15 and a beta of 0.67. The company has a fifty day moving average price of $129.42 and a two-hundred day moving average price of $125.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $140.26.

Lindsay (NYSE:LNN) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. The firm had revenue of $166.30 million during the quarter, compared to the consensus estimate of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. Research analysts expect that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, February 14th. Lindsay’s dividend payout ratio is presently 23.11%.

Lindsay Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.